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Friday, 10/18/2019 6:55:08 AM

Friday, October 18, 2019 6:55:08 AM

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Atlassian Q1 results impressive, says BMO Capital
BMO Capital analyst Keith Bachman keeps his Market Perform rating and $150 on Atlassian after its "impressive" results in Q1, saying the quarter was highlighted by upside in revenue, billings, and margins. The analyst notes that he remains positive on the company's growing portfolio and expects the cloud migration to support its growth over the comping years, but does not see a "compelling" risk-reward on the stock at its current valuation

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